Homework Answers
Notations :
Standard Hours for actual output = SH
Standard Rate per hour = SR
Actual hours = AH
Actual Rate per hour = AR
Standard direct labour cost for actual output = SH * SR
Now.
Direct Labour Rate variance = (SR - AR) * AH --------------------Eq 1
$1800 (A) = (SR * AH) - (AR* AH)
(-) $1800 = (SR * AH) - Actual cost
(-) $1800 = (SR * AH) - $67000
(SR * AH) = $65200
SR = 65200 / AH
Direct labour efficiency variance = ( SH -AH) * SR ---------------------Eq 2
$2900 (F) = (SH * SR) - (AH * SR)
2900 = (SH * SR) - [ AH * ( 65200 / AH) ] ----------{from eq 1}
2900 = (SH * SR) - [65200]
(SH * SR) = 65200 + 2900
Standard direct labour cost for actual output = $68100
Request : Please rate the answer
Add Answer to:
Howard Industries' actual direct labor cost was $67,000 during the current period. Howard reported an unfavorable...
3073 1 Frontera Company's output for the current period results in a $23,000 unfavorable direct labor...
3073 1 Frontera Company's output for the current period results in a $23,000 unfavorable direct labor rate variance and a $11,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $410,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost 11 of 24 < Prey Next >
Sanchez Company's output for the current period was assigned a $415,000 standard direct labor cost. The...
Sanchez Company's output for the current period was assigned a $415,000 standard direct labor cost. The direct labor variances included a $10,375 unfavorable direct labor rate variance and a $4,150 favorable direct labor efficiency variance. What is the actual total direct labor cost for the current period? Multiple Choice $425,375. $429,525. $421,225. $408,775 $400,475
The following information describes a company's direct labor usage in a recent period. Actual direct labor...
The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 55,000 $ 14 $ 12 56,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable...
QS 23-12 Labor cost variances LO P2 Frontera Company's output for the current period results in...
QS 23-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $29,000 unfavorable direct labor rate variance and a $14,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $370,000 standard direct labor cost What is the actual total direct labor cost for the current period? Actual total direct labor cost
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorabl...
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorable direct labor rate variance and a $12,000 unfavorable direct labor efficiency variance Production for the current period was assigned a $440,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost
Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance....
Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance. The actual price per pound is $56 50 and the standard price per pound is $55.00 How many pounds of material are used in the current period? 5,393 5,110 3,500 3,750 4,000. Levelor Company's flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during May However, the company applied overhead to production during May at a rate...
The following data relate to direct labor costs for the current period: Standard costs Actual costs...
The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,900 hours at $11.70 6,400 hours at $10.20 What is the direct labor rate variance? a. $15,450 unfavorable b. 59,600 favorable C. $15,450 favorable Od. 55,850 favorable
The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual...
The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual hours worked Standard labor-hours allowed for actual output (flexible budget) Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct labor-hour $671,460 38,000 36,900 $ 12,540 F $154,500 $ 4.10 Variable overhead is applied based on standard direct labor-hours allowed. Required: Compute the labor and variable overhead price and efficiency variances. (Indicate the effect of each variance by selecting "F"...
Actual labor cost (payroll) for June $ 20,000 Labor rate variance $ 4,000 favorable Labor efficiency...
Actual labor cost (payroll) for June $ 20,000 Labor rate variance $ 4,000 favorable Labor efficiency variance $ 2,400 unfavorable Actual direct labor hours worked (AQ) 1,000 Total standard direct labor cost for the output in June (to the nearest dollar) was:
The following data reflect the current month’s activity for Vickers Corporation. Actual total direct labor $...
The following data reflect the current month’s activity for
Vickers Corporation.
Actual total direct labor
$
639,115
Actual hours worked
36,500
Standard labor-hours allowed for actual output (flexible
budget)
35,300
Direct labor price variance
$
17,885
F
Actual variable overhead
$
159,400
Standard variable overhead rate per standard direct
labor-hour
$
4.40
Variable overhead is applied based on standard direct
labor-hours allowed.
Required:
Compute the labor and variable overhead price and efficiency
variances. (Indicate the effect of each variance by...
3073 1 Frontera Company's output for the current period results in a $23,000 unfavorable direct labor rate variance and a $11,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $410,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost 11 of 24 < Prey Next >
Sanchez Company's output for the current period was assigned a $415,000 standard direct labor cost. The direct labor variances included a $10,375 unfavorable direct labor rate variance and a $4,150 favorable direct labor efficiency variance. What is the actual total direct labor cost for the current period? Multiple Choice $425,375. $429,525. $421,225. $408,775 $400,475
The following information describes a company's direct labor usage in a recent period. Actual direct labor hours used (AH) Actual direct labor rate per hour (AR) Standard direct labor rate per hour (SR) Standard direct labor hours for units produced (SH) 55,000 $ 14 $ 12 56,200 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Compute the direct labor rate and efficiency variances for the period and classify each as favorable, unfavorable...
QS 23-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $29,000 unfavorable direct labor rate variance and a $14,000 unfavorable direct labor efficiency variance. Production for the current period was assigned a $370,000 standard direct labor cost What is the actual total direct labor cost for the current period? Actual total direct labor cost
QS 8-12 Labor cost variances LO P2 Frontera Company's output for the current period results in a $27,000 unfavorable direct labor rate variance and a $12,000 unfavorable direct labor efficiency variance Production for the current period was assigned a $440,000 standard direct labor cost. What is the actual total direct labor cost for the current period? Actual total direct labor cost
Cavern Company's output for the current period results in a $5,250 unfavorable direct material price variance. The actual price per pound is $56 50 and the standard price per pound is $55.00 How many pounds of material are used in the current period? 5,393 5,110 3,500 3,750 4,000. Levelor Company's flexible budget shows $10,710 of overhead at 75% of capacity, which was the operating level achieved during May However, the company applied overhead to production during May at a rate...
The following data relate to direct labor costs for the current period: Standard costs Actual costs 6,900 hours at $11.70 6,400 hours at $10.20 What is the direct labor rate variance? a. $15,450 unfavorable b. 59,600 favorable C. $15,450 favorable Od. 55,850 favorable
The following data reflect the current month's activity for Vickers Corporation. Actual total direct labor Actual hours worked Standard labor-hours allowed for actual output (flexible budget) Direct labor price variance Actual variable overhead Standard variable overhead rate per standard direct labor-hour $671,460 38,000 36,900 $ 12,540 F $154,500 $ 4.10 Variable overhead is applied based on standard direct labor-hours allowed. Required: Compute the labor and variable overhead price and efficiency variances. (Indicate the effect of each variance by selecting "F"...
The following data reflect the current month’s activity for
Vickers Corporation.
Actual total direct labor
$
639,115
Actual hours worked
36,500
Standard labor-hours allowed for actual output (flexible
budget)
35,300
Direct labor price variance
$
17,885
F
Actual variable overhead
$
159,400
Standard variable overhead rate per standard direct
labor-hour
$
4.40
Variable overhead is applied based on standard direct
labor-hours allowed.
Required:
Compute the labor and variable overhead price and efficiency
variances. (Indicate the effect of each variance by...
Most questions answered within 3 hours.
-
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 1 hour ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 2 hours ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 3 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 3 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 4 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 4 hours ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 4 hours ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 4 hours ago -
Phosphorus violates the 'octet rule' in biological molecules,
forming more covalent bonds than expected based on...
asked 4 hours ago -
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 5 hours ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 5 hours ago -
Write an assembly language 32 bit program that reads in lines of
text by a .txt...
asked 5 hours ago